Asset Management One Co. Ltd. Has $7.62 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Asset Management One Co. Ltd. lifted its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 0.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 46,749 shares of the aerospace company’s stock after buying an additional 260 shares during the period. Asset Management One Co. Ltd.’s holdings in Leidos were worth $7,620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LDOS. Northwest Investment Counselors LLC acquired a new stake in Leidos during the third quarter worth $30,000. 1832 Asset Management L.P. bought a new stake in shares of Leidos in the 2nd quarter valued at about $34,000. Blue Trust Inc. increased its stake in shares of Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 201 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Leidos by 122.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 169 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new position in Leidos during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on LDOS. Robert W. Baird increased their price target on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Barclays lifted their price target on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday. Citigroup raised their price objective on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their target price on Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.23.

Insiders Place Their Bets

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now owns 6,408 shares in the company, valued at approximately $1,185,095.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the sale, the director now directly owns 6,408 shares of the company’s stock, valued at $1,185,095.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Stock Performance

Shares of Leidos stock opened at $192.63 on Friday. The company has a market capitalization of $25.70 billion, a PE ratio of 21.96, a P/E/G ratio of 1.48 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The company has a 50-day simple moving average of $165.11 and a two-hundred day simple moving average of $152.75. Leidos Holdings, Inc. has a one year low of $102.21 and a one year high of $198.99.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the company earned $2.03 EPS. Leidos’s quarterly revenue was up 6.9% on a year-over-year basis. Research analysts expect that Leidos Holdings, Inc. will post 10.07 EPS for the current fiscal year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, December 13th. This is a positive change from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio is currently 17.31%.

About Leidos

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.